Emera Inc (EMA) Set to Announce Quarterly Earnings on Friday

Emera Inc (TSE:EMA) is set to issue its quarterly earnings data after the market closes on Friday, November 10th. Analysts expect the company to announce earnings of C$0.74 per share for the quarter.

Shares of Emera Inc (TSE:EMA) opened at C$48.53 on Thursday. Emera Inc has a 52-week low of C$43.76 and a 52-week high of C$49.37.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.565 per share. This is a boost from Emera’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, October 31st. This represents a $2.26 annualized dividend and a yield of 4.66%.

A number of research analysts have recently commented on EMA shares. Barclays PLC increased their target price on shares of Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. TD Securities increased their target price on shares of Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 14th. CIBC increased their target price on shares of Emera from C$54.00 to C$56.00 in a report on Friday, September 29th. Finally, BMO Capital Markets increased their target price on shares of Emera from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a report on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Emera currently has an average rating of “Hold” and an average price target of C$53.17.

In other news, insider Daniel Muldoon sold 16,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total value of C$790,411.00. Also, insider Bruce Marchand sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00.

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About Emera

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

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